Guys do you know any good online forex trading website which I can rely on?
I am a beginner in Forex Trading. Please try to suggest improvement strategies. I recently started practicing on (forex com) website and I understood the basic concepts of pip, p&l, bid and ask.
I am only looking at an initial 1000 pound investment, which is approx 1200 euros, and I am following the EUR/USD closely.
Initially, I plan on buying 300 euros.
I calculated a general scenario. If I ask at 1.41626 and bid 1.41712 = 86 pips will fetch 0.258$. i.e. 20 cents every time such trade is made. Even if I put 4 such scenarios, its 80 cents.
This seems ridiculous and will take up months or years even to make 100$.
I read many traders start with small investments, does it take so much time to make a return?
One more question I have is how much should I rely on the daily market indicators (candlesticks) open, high, low, close. If the data is reliable then one can put an order in advance, the next day, to buy at a price near the closing price of the last day and after buying if the value never gets to the bid limit on the first date then will the order have an expiry date? Is this a reliable strategy, that way there is a possibility to get at least 1000 pips.
Thank you for reading.
Thank you for so many insightful responses. Can anyone suggest just one or two (retain sanity, there are so many websites) forex websites which you use, are credible and offer good leverage without duping the customers just as the customer is making a profit? (forex offers 100:1 leverage)
I will certainly gain more knowledge on leverage and forex basic before proceeding.
I am currently practicing on the website forex (avoiding full website hyperlink) but I am unsure whether to follow it in the future with a later account as I have heard some dissuading reviews, about the site on forexpeacearmy.com and babypips.com, stating that it d/c you just if your account is going up. I have went through forexpeacearmy listed websites but some of them ask for a min 10K after 15 day trial, wheez.
Thank you.
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I’m interested in trading forex, commodities etc. Which has the lowest premium?
Not interested in going via brokers, I would like to approach them direct.
thanks
With regards to the regulations.
I do not need questions to my questions. Thank you
Do u know any classes for forex in chennai ?
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Help Us..For all Forex trader Newbie..Please !!! Thanks
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Need to find a good forex trading platform.
climate? I would like something you can trade on an hourly or ess time frame.
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Would appreciate if you could advice on the limitations of market-makers and ECN brokers
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Could someone tell me a good free program to trade forex? Also i need a site where i could learn the basics. Thanks!
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About Forex……
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forex trading means trading in foriegn exchange.
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Particularly on the types of trading allowed e.g. hedging
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Which is the best Forex trading platform ?
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